Saturday, October 25th, 2008...9:22 am

[980] The Truth about Markets - 25 October 2008

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The spaceship gold.

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17 Comments

  • irradiate the gold!

  • I didn´t find any news about the 6 billion € sell of Paulson.
    can you please say where you have this piece of information from.

    By the way you can also throw all the gold of the world into a vulcano like in “Lord of the Rings”.
    and Volkswagen isn´t bought by BMW but by Porsche.

    Thanks for the show

    Lukas

  • Shoot it into unstable earth orbit, and let reentry do the rest.
    ABB

  • Yo americans !

    Anyway, enjoy your videos from Al jazeera & and all that, Max, and wonder how a Wall Street high roller ended up on this wierd & wonderful ( & somewhat tiny ?) London mini-radio station ? And furthermore, what are you smoking during the broadcasts ? I don’t know but I can guess. Anyway, again, I want to know who the lady on your show here is, because she certainly seems to have the markets sussed out in way that makes me feel she is rather too confident in her analysis. Unlike yourself , Max, who I hear crying about gold … poor gold…. sad gold… unhappy gold…which ought to be going UP but which is really just languishing in limbo and not doing what the gold bugs ( Schiff etc..) were all too confidently predicting. So I sense a crisis of self confidence in the keiserian Welt-Theorie. Isn’t it really that NO-ONE can really understand ‘markets’ & ‘the system ‘ because it’;s just too damn COMPLEX / non linear / chaotic and generally irritating … so much so that I find it much easier to comprehend nuclear physics than I do to understand why the Rumanian dollar is currently down against the Peruvian shekel ? ( To give a hypothetical example ).
    So, my personal POV is that anyone who claims to know what the hell is going to happen next in this real life participatory disaster movie we call the Credit Crunch is fooling themselves.
    Anyone who thinks Paulson / Bernanke understand things so well they can confidently manipulate ditto without causing a thousand boat loads of unintended consequences has a too simplistic view of what is laughingly known as the financial system. Just look at Greenspan before congress. The guy has NO IDEA what hit him. And whatthe hell is wrong with riding a bike naked anyway ??? :-)

    Anyway, keep up the good work we all love you guys and we are saving some tinned food for you if you wanna pop round to Sussex during the coming time of darkness and mass urban violence .

    What I want to know is, what is the best survival strategy for POETS & timid MUSICIANS during a time of lawlessness & hyperinflation ?
    Shoot I was determined to keep this coherent but failure dogs my every move :-0

    rememeber, vis-avis gold, the words of Jesus Christ himself on the cross….
    “Father father why hast thou forsaken me ?”

    But LO he didest rise on the third day and become like waaaaaaaaaaaaaaayyyy coool dude…

    anon…

  • Check out Bread of Gold,

    http://www.youtube.com/watch?v=hpv6Oi5oxl8

    interesting use of gold, we can convert it all to “ormus”

    peace

  • The sales of euro were via the ESF (Exchange Stabilization Fund) and you can find the info on their website if you crawl around:

    http://www.treas.gov/offices/international-affairs/esf/

    Here is Merk Fund talking about the action a few weeks after the event:

    http://www.merkfund.com/merk-perspective/insights/2008-08-13.html

    - Stacy

  • Thanks Stacy I found it

    this is a very intresting chart

    http://www.itulip.com/forums/showthread.php?t=4759

    so I suspect we should look into the balance sheet of the ESF to time the end of the dollarrally.
    on August 31st they only had 15 billion € left so in the month of august they pumped 17 billion € into the market.
    Sadly I don´t know the date they run out of € to start shorting the dollar.

    Lukas

  • Max and Stacy, your show is to my mind of the “highest” standard. A perfect blend of cynism, gallow humor and straight forward information. I love it. Stacy, the idea of sending all the gold to outher space is so hilarious, I start laughing just thinking about it, and Max in the background wining about his gold and deflation.
    Top notch contemporary radio!

    I think all this economy BS is more and more starting to look like somthing from The hitchhikers guide to the galaxy novels by late genius writer Douglas Adams.
    Lets make leaves legal tender and we can all be rich!

  • I don’t know about the rest of the world, but I’m not worried about deflation in The Zone. The US must hyperinflate as there is no other way out of our debt and unfunded obligations. No worries about gold over on this side of the pond! There are only 5 things countries can do to get out of intolerable debt… they can raise taxes, but our problems are too big for that. They can sell resources, but our problems are too big for that too. They can plunder other nations… and we tried that… didn’t go so well. That leaves outright default (unthinkable) or hyperinflation.

    Hyperinflation it is! I look forward to paying off the mortgage with a few pieces of yellow metal.

  • By the way, Bob Chapman was on Alex Jones this past Friday, and he said that the US has recently been selling gold via Israel. He also said that in 1987 we were selling gold through the IMF and then the Bank of England. And that European countries have accommodated the US by swapping our coin melt for their own refined & deliverable product, which we then sold– apparently because the bookkeeping for coin melt is different, and we were able to hide the transaction this way. My question is, has the US got any gold left?

  • Could’ve sworn I posted this ad on your last show’s comments. Seen during the Jeremy Kyle show (I don’t watch it, it was on a screen at work)

    http://uk.youtube.com/watch?v=wVQUjWKXyJM

  • obviously short the dollar; long gold and oil

    http://www.breitbart.com/article.php?id=D9424GRG0&show_article=1

  • Smashing show.

    Just a few remarks, gold finisned up on the week. James turk was talking about the re-capitalising of banks and how this could be done, suggesting that this could be done by the repricing of the gold held on reserve , wouldn’t that be nice. As far as the decoupling theory goes James Dines never bought into that and has been predicting a recession in China for quite a while now, although he does concede that the redistribution of wealth towards the East will continue.

    Finally Max said if America took the hit it would result in a 2yr Depression, hmmm if I recall correctly the last Depression ended with the beginning of WW2, why should this one be any different.

  • Let’s put a time frame on that. Today, by all rights should be Black Monday, with the Hong Kong slaughter at the opening of the week. It’s off 60% from a year ago, which is both astounding, and potentially cause for war, -war on the dollar that is.

    We all need to be clear that we are ramping up to what promises to be “THE SUMMER OF HELL.” However you wish to prepare for that you had better act now. I’m sayng that if gold is unavailable, pick any commodity that yuppies are hooked on, like coffee, cotton, and hoard it while the price is relatively low and the dollar high.

    The other promise, (vis-a-vie Biden, Powell) is that Obama will face a world-class ‘challenge’ scheduled for 1/26/2009. –just 6 days after his being placed into office.

    Finally, if you have to go to India, or Israel to buy physical gold, you MUST schedule that trip with a return BEFORE November 24th…

  • original_brown_man
    October 27th, 2008 at 5:18 pm

    firstly, all gold is already originally extraterrestrial.

    some scheming basturds, somewhere, have already done what you suggested, and shot the gold away from their world[s].

    when the earth was first formed, it barely had a few of the most basic elements here, of which, Hydrogen was the only one with an odd-number of electrons.

    every other odd-number electron element, past Helium,
    was either formed here violently, or arrived here by way of meteoric collision.

    then, with the help of heat, and and real big spoon, it was all stirred up into nice little clumps of “earth-soup”.

    so, now you know… all gold IS extra-terrestrial.
    and your idea has already been performed [in reverse].

    or as neo-nazi-cons call it… “god’s will”.

    http://www.space.com/scienceastronomy/space_gold_000726.html

  • original_brown_man
    October 27th, 2008 at 5:30 pm

    here’s another link explaining “Where does gold come from ?”

    hello… let’s get edumacated…

    http://www.onlygold.com/Articles/ayr_2001/Where_Does_Gold_Come_From(April_13_2001).asp

  • 1929 redoux, or the “Revenge of the Texas Chainsaw Capitalists,” circa 2008? That is the question, as I ponder the miraculous rise of the zombie-dollar, and all-out assault on [COMDEX] Gold, and BTW, why the heck is Silver below the price one could reasonably afford to mine it? …

    I’m calling today’s rally a sucker-punch. If you play the long and shorts, I would also predict one final spike before the final cliffhanger. This Thursday already feels like sour grapes.

    Banking on the web-bot’s record of accuracy, if I did own stocks I would clearly act early on the following advice:

    *Beware Nov. 20-24, for “A CRACKING SOUND HEARD ROUND THE WORLD.”

    Watch out for, 1/26/2009, (six days after Obama’s Coronation,) when {note BIDEN’S direct assertion} a ‘MAJOR release-language event’ takes place, see:

    http//urbansurvival.com

    Max, just one final question. With every indicator screaming CRASH!, why is the Dollar on the rise? To put it another way, which currency would you currently turn to as a hedge against the greenback? The AU$, @.61- .65?

    Typically, we Americans don’t know the first thing about the EU, but I love our karma-dollar bets. I see Sterling at a near-term bottom, and the Euro falling .3 or more, before Nov 24. –After that, all bets are off, -Baby!!

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